bill creating a TEA database of school district bonds

The text as introduced · 410 words

89R3496 AMF-D

By: Buckley
H.B. No. 2053

A BILL TO BE ENTITLED

AN ACT

relating to a Texas Education Agency database of school district

bonds, taxes, and bond-related projects.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Subchapter E, Chapter 45, Education Code, is

amended by adding Section 45.114 to read as follows:

Sec. 45.114. BOND, TAX, AND PROJECT DATABASE. (a) In this

section:

(1) "Bond" means a bond described by Section 45.001.

(2) "Database" means the database established under

this section.

(3) "Maintenance tax" means a tax described by Section

45.002.

(b) The agency shall develop and maintain a database that

includes current information regarding school district bonds,

taxes, and bond-related projects, including:

(1) for each bond issued or proposed by a school

district:

(A) the language of the ballot proposition under

Section 45.003(b);

(B) the projected interest and sinking fund tax

rate associated with a proposed bond;

(C) the result of an election held for the

purpose of issuing a proposed bond;

(D) a list of the projects to be funded using the

bond;

(E) an accounting of the use of the proceeds of

any issued bond, including descriptions of any projects paid for

with the proceeds; and

(F) any increase in the interest and sinking fund

tax rate resulting from issued bonds;

(2) for maintenance taxes that have been levied or

proposed by a school district:

(A) each school district's proposed or approved

tax rate; and

(B) the language of the ballot proposition under

Section 45.003(d);

(3) the results of any election held under Section

26.08, Tax Code, including the ad valorem tax rate proposed by the

school district for purposes of the election;

(4) a report generation function to allow the agency

to generate reports of the information described by Subdivisions

(1) and (2) for each school district, disaggregated by geographic

area; and

(5) a function that allows for the proposal of updates

or corrections to the information included in the database.

(c) A school district shall provide the agency with the

information described by Subsections (b)(1) through (3) and any

other information requested by the agency for the purpose of

maintaining the database established under this section.

(d) The agency may contract with a third party as necessary

for the development or maintenance of the database under this

section.

(e) The commissioner may adopt rules as necessary to

implement this section.

SECTION 2. This Act takes effect September 1, 2025.